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Author Question: Total manufacturing costs equal ________. (Read 24 times)

HCHenry

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Question 1

The following information pertains to the Ruby Corp:

Beginning work-in-process inventory$74,000
Ending work-in-process inventory82,000
Beginning finished goods inventory172,000
Ending finished goods inventory209,000
Cost of goods manufactured1,202,000

What is cost of goods sold?
◦ $1,210,000
◦ $1,165,000
◦ $1,157,000
◦ $1,239,000

Question 2

Total manufacturing costs equal ________.
◦ direct materials plus prime costs
◦ direct materials plus conversion costs
◦ direct manufacturing labor costs plus sunk costs
◦ direct manufacturing labor costs plus conversion costs


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Marked as best answer by HCHenry on Mar 6, 2021

pikon

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HCHenry

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)


mohan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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